Stock of the Day: Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Stock Price Increases Today

Stock of the Day: Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Stock Price Increases Today

The stock of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) is a huge mover today! The stock increased 9.66% or $0.79 on November 29, hitting $8.97. About 86,928 shares traded hands. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) has risen 16.86% since April 26, 2016 and is uptrending. It has outperformed by 11.60% the S&P500.
The move comes after 7 months positive chart setup for the $60.16M company. It was reported on Nov, 29 by Barchart.com. We have $9.78 PT which if reached, will make NYSE:GNK worth $5.41M more.

Analysts await Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) to report earnings on March, 9. They expect $-1.04 earnings per share, up 84.00% or $5.46 from last year’s $-6.5 per share. After $-3.80 actual earnings per share reported by Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) for the previous quarter, Wall Street now forecasts -72.63% EPS growth.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) Ratings Coverage

Out of 3 analysts covering Genco Shipping & Trading Limited (NYSE:GNK), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Genco Shipping & Trading Limited has been the topic of 5 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. The stock of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) has “Neutral” rating given on Tuesday, August 2 by Seaport Global. Morgan Stanley downgraded it to “Underweight” rating and $1.20 target price in Tuesday, December 15 report.

According to Zacks Investment Research, “Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States.”

More important recent Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) news were published by: Globenewswire.com which released: “Genco Shipping & Trading Limited Announces Third Quarter Financial Results” on November 02, 2016, also Globenewswire.com published article titled: “Genco Shipping & Trading Limited Announces Second Quarter Financial Results”, Globenewswire.com published: “Genco Shipping & Trading Limited Announces Fourth Quarter Financial Results” on March 10, 2016. More interesting news about Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) was released by: Hellenicshippingnews.com and their article: “BSM and Bernhard Schulte Engage with Shipping Community in Japan” with publication date: February 04, 2016.

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